World

Trump appoints Elon Musk to a key position in his administration

The owner of X, Tesla, and SpaceX, billionaire Elon Musk, will head a body called the Department of Government Efficiency, or Doge for short, which is also the name of the cryptocurrency Musk is promoting. This was reported by "Komersant Ukrainian" reports with reference to the BBC.

US President-elect Donald Trump has announced that he will appoint Elon Musk and Republican politician Vivek Ramaswamy as co-chairs of the Department of Government Efficiency, a new executive agency.

Trump expressed confidence that “these two great Americans will pave the way for my administration to cut red tape, reduce over-regulation, end wasteful spending, and restructure federal agencies.”

In his statement, Trump said he would “provide advice and guidance from outside the government” in partnership with both the White House and the Office of Management and Budget.

The future owner of the White House has set a deadline for the new agency to achieve all of these goals – July 4, 2026, the day of US independence.

This step may lead to significant staff reductions, as Musk has previously called for. He also said that he believes that $2 trillion can be saved from the state budget.

Elon Musk has invested about $200 million in Donald Trump’s campaign. Vivek Ramaswamy was a Republican presidential candidate, but after losing the primaries, he quickly became one of the most visible Trump supporters in the public space.

As reported by "Komersant Ukrainian", the founder of Tesla and SpaceX, Elon Musk, supporting Donald Trump’s election campaign, can significantly benefit from his victory. In his victory speech, Trump specifically mentioned Musk, emphasizing that the new administration would be favorable to him, as the country needs to “protect geniuses.”

Musk has already made it clear that the government’s efficiency agency will help SpaceX, saying on X that his business could reach Mars earlier “if it’s not strangled by red tape.”

He added in a post on X: “A government efficiency department is the only way to extend life beyond Earth.”

Reading now

Can the war really end by the end of the year: analysis of insights and statements about peace

The reverse effect: how the desire to reduce illegal schemes in business can provoke their increase

Temporary protection in the EU: all possible scenarios for Ukrainians after the expiration of the term

The Verkhovna Rada requires tools to control the supervisory boards of state-owned companies: their effectiveness is unknown